UK Watchdog To Investigate KPMG Over Carillion Auditing
Accounting firm KPMG will be investigated by the UK industry watchdog in regards to its auditing of accounts of the collapsed construction firm Carillion. The construction firm was connected to the renovation of the Battersea Power station as well as
Read MoreBofA Eliminates Free Checking Accounts, Upsetting Customers
Bank of America (BofA) recently announced that they are eliminating their free checking accounts which did not go down well with Bank of America customers who went online to voice their disapproval. Those who used to have free accounts have
Read MoreKushner Companies Transactions Flagged As ‘Suspicious’
Deutsche Bank is reported to have flagged multiple transactions carried out by Kushner Companies. According to a Hamburg-based business magazine known as Manager Magazin, the bank is also prepared to turn over the documents relating to the flagging to Special
Read MoreKorean Cryptocurrency Traders To Be Fined For Not Converting Virtual Accounts
South Korean financial authorities recently announced that South Korean cryptocurrency investors must convert their virtual accounts into real name accounts. Cryptocurrency traders who refuse to convert their virtual accounts into real-name ones will be fined. This announcement does not come
Read MoreVisa Crackdowns On CryptoCurrency Card Provider WaveCrest
Thousands of pre-paid cryptocurrency card users were affected over the weekend after Visa decided to crackdown on a popular card provider and suspend its services. WaveCrest, a Gibraltar-based company issues pre-paid cryptocurrency cards that allows its users to make payments
Read MoreMoneyGram Sale Blocked Due To US National Security Concerns
China’s Ant Financial which is a subsidiary of Jack Ma’s Alibaba Group Holding Ltd was in the process of acquiring MoneyGram for $1.2 billion as the Chinese conglomerate was expecting to complete this strategic acquisition and then challenge China’s Tencent
Read MoreBoE Thinks About Introducing Its Own Cryptocurrency
The cryptocurrency craze of 2017 does not look like it is going to fade out anytime soon. The Bank of England (BoE) recently announced that its senior executives have been hold discussions regarding the possibility of introducing their own version
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